Annuity Calculator: Determine Monthly Payments on Immediate Annuity
Immediate Annuity Calculator
Annuity Calculator
:An immediate annuity is a product sold by insurance companies that is designed to provide you with an income stream for life. The income, by definition, is designed to start immediately - although some immediate annuities allow you to defer payments for up to one year. This annuity calculator is designed to help you estimate your monthly payments from an immediate annuity.
Immediate Annuity Calculator - Definitions
It is very important to remember that once you setup an immediate annuity, you no longer control the money you put in it. Likewise, while the income stream is guaranteed for your lifetime, an untimely death will not result in any money being returned to your estate.
Amount to invest - The amount you wish to invest in your immediate annuity.
Your life expectancy - The number of years you expect to live and receive payments.
Annual rate of return - The annual rate of return for the immediate annuity.
Frequency of payments - How often payments are made to you from the immediate annuity. Options include monthly, quarterly and annually. This annuity calculator assumes that your distribution occurs at the beginning of each period.
In addition to annuities, uses this 401k calculator to determine how you can develop an effective retirement stategy to build your retirement nest egg for retirement.
Annuity Calculator Resources:
Users wishing to make informed personal finance decisions can take advantage of the many finance calculator, including auto finance calculator (car financing calculator), CD calculator, line of credit calculator, and insurance calculator. Additionally, business users can use the commercial loan calculator, or any of the many calculators financial or mortgage loan calculator available on CalculatorPlus.